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Discuss the five tools available to help minimize agency problems that were presented
in the chapter.
Measurable Objectives
Specific, quantifiable goals set by an organization or individual that allow for tracking progress and assessing achievement.
Manager
A person responsible for controlling or administering all or part of a company or similar organization, overseeing and directing the work of others.
Management By Objectives (MBO)
A management strategy in which employees set objectives that contribute to organizational goals, promoting alignment and engagement.
Setting Objectives
The process of establishing specific, measurable, achievable, relevant, and time-bound goals for an individual, team, or organization.
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